Monday, February 9, 2015

January steel exports new high of 2015 China

Weak domestic demand, China January imports of iron ore, crude oil, copper number were high level drop. However, China January steel exports 10290000 tons, an increase of 52.1%.
The latest customs data show, in January China's steel exports 10290000 tons, an increase of 54.3%,  comparing increased 1.2%, over the same period, imports of 1150000 tons of steel, an decrease of 60000 tons, year-on-year decrease of 14.8%. Data also shows that, in January, 78580000 tons of iron ore imports, 9.4% year-on-year decline, a decline of 9.5%.
Customs data display, January steel exports beyond all expectations to still maintain strong growth, that is, an increase of 52.1%, in no way inferior to 2014.
In 2014, Chinese steel exports including seamless steel pipe and welded steel pipe is strong, causing multinational trade war on China. In January, the formal implementation of China boron steel export tax rebate cancellation of the new deal, the industry has been expected steel exports will drop in the first quarter. To our expect, even so,even if the sale is off-season, still strong steel exports.
In 2014, the boron steel exports can enjoy 9% to 13% of the tax rebate rate.

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